Meitav Dash Investments Ltd. bought a new stake in AFLAC Incorporated (NYSE:AFL) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 14,233 shares of the financial services provider’s stock, valued at approximately $1,256,000.
A number of other institutional investors and hedge funds have also modified their holdings of AFL. SeaCrest Wealth Management LLC acquired a new position in AFLAC in the fourth quarter valued at approximately $101,000. Omnia Family Wealth LLC raised its position in shares of AFLAC by 261.9% during the fourth quarter. Omnia Family Wealth LLC now owns 1,245 shares of the financial services provider’s stock worth $109,000 after purchasing an additional 901 shares during the period. San Francisco Sentry Investment Group CA raised its position in shares of AFLAC by 4,338.7% during the third quarter. San Francisco Sentry Investment Group CA now owns 1,376 shares of the financial services provider’s stock worth $112,000 after purchasing an additional 1,345 shares during the period. Advisors Preferred LLC acquired a new position in shares of AFLAC during the fourth quarter worth approximately $121,000. Finally, Legacy Advisors LLC raised its position in shares of AFLAC by 921.5% during the fourth quarter. Legacy Advisors LLC now owns 1,471 shares of the financial services provider’s stock worth $129,000 after purchasing an additional 1,327 shares during the period. 68.72% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts have recently weighed in on the company. Barclays lowered their target price on AFLAC to $45.00 and set an “equal weight” rating on the stock in a research report on Wednesday. ValuEngine lowered AFLAC from a “buy” rating to a “hold” rating in a research report on Monday. Janney Montgomery Scott reaffirmed a “buy” rating on shares of AFLAC in a research report on Tuesday, January 16th. Wells Fargo set a $42.00 target price on AFLAC and gave the stock a “hold” rating in a research report on Friday, December 1st. Finally, UBS assumed coverage on AFLAC in a research report on Friday, March 2nd. They set a “neutral” rating and a $49.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $42.90.
Shares of AFLAC stock opened at $45.37 on Thursday. AFLAC Incorporated has a 1-year low of $35.32 and a 1-year high of $45.88. The stock has a market capitalization of $35,406.60, a price-to-earnings ratio of 8.24, a P/E/G ratio of 2.37 and a beta of 0.96. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.22.
AFLAC (NYSE:AFL) last announced its quarterly earnings results on Wednesday, January 31st. The financial services provider reported $0.80 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.02. AFLAC had a return on equity of 12.29% and a net margin of 20.18%. The business had revenue of $5.42 billion during the quarter, compared to the consensus estimate of $5.44 billion. During the same quarter in the prior year, the company posted $0.72 earnings per share. AFLAC’s revenue was down 8.9% compared to the same quarter last year. analysts forecast that AFLAC Incorporated will post 3.84 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 1st. Investors of record on Wednesday, February 21st were issued a dividend of $0.26 per share. The ex-dividend date was Tuesday, February 20th. This represents a $1.04 annualized dividend and a yield of 2.29%. AFLAC’s dividend payout ratio (DPR) is currently 18.89%.
In related news, Chairman Daniel P. Amos sold 24,983 shares of the company’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $89.77, for a total transaction of $2,242,723.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Masatoshi Koide sold 6,250 shares of the company’s stock in a transaction on Thursday, December 28th. The stock was sold at an average price of $88.00, for a total value of $550,000.00. Following the sale, the chief operating officer now owns 25,037 shares of the company’s stock, valued at approximately $2,203,256. The disclosure for this sale can be found here. Insiders have sold 40,131 shares of company stock valued at $3,581,918 in the last quarter. 3.00% of the stock is currently owned by corporate insiders.
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Aflac Incorporated is a business holding company. The Company is involved in supplemental health and life insurance, which is marketed and administered through its subsidiary, American Family Life Assurance Company of Columbus (Aflac). The Company’s insurance business consists of two segments: Aflac Japan and Aflac U.S.
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